Someone bet $16.04 million against CASHCAT and PONS
He was down $6.3 million on the trade. As of the filing, the same position was up more than $3 million.
On September 16, trader Loracle held about $16.04 million of 3x leveraged shorts on CASHCAT and PONS on Robinhood Chain, after cutting both for the prior hour[1]. The CASHCAT leg went on at an average entry price of $0.207[2]. The PONS leg was the bigger one[3]. Anyone buying either token is the other half of a trade that pays when his bag drops[1]. The book was up more than $3 million, having been down $6.3 million[1]. The record files the whole hour as a reduction. A reduction of a short is a buy[1].
Who gains, who loses
Receipts
On September 16, 2026, trader Loracle was holding approximately $16.04 million of 3x leveraged short positions on CASHCAT and PONS on Robinhood Chain after continuously reducing those positions over the prior hour.
“BlockBeats news, September 16 — According to TradingBeats monitoring, trader Loracle has been continuously reducing 3x leveraged short positions on CASHCAT and PONS over the past hour, now holding positions worth a total of approximately…”
As of September 16, 2026, Loracle’s 3x leveraged short position in CASHCAT on Robinhood Chain was approximately $4.21 million with an average entry price of $0.207 and unrealized gains of about $1.468 million.
“CASHCAT short position is approximately $4.21 million, with an average entry price of $0.207, and unrealized gains of approximately $1.468 million;”
As of September 16, 2026, Loracle’s 3x leveraged short position in PONS on Robinhood Chain was approximately $11.83 million with an average entry price of $0.665 and unrealized gains of about $1.566 million.
“PONS short position is approximately $11.83 million, with an average entry price of $0.665, and unrealized gains of approximately $1.566 million.”
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.